Month: October 2019
October 30, 2019
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Holds Policy Rate Steady Amid Global Uncertainty
It is rare for the Bank of Canada and the US Federal Reserve to announce rate decisions on the same day, but today’s announcements highlight the stark differences in policy in the two countries. The Bank this morning announced they would maintain their target for the overnight rate at 1.75% for the eighth straight meeting….
October 16, 2019
Category: About Sherry Articles Media Reporting on Sherry
September Data Confirm That Housing Is in Full Rebound
Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the seventh consecutive month. Activity rose another 0.6% month-over-month in September to 512,000 units (seasonally-adjusted and annualized). This was the highest level in 21 months and 6.6% above the 10-year average shown in the chart below. Existing home…
October 11, 2019
Category: About Sherry Articles Media Reporting on Sherry
Robust Canadian Jobs Report in September
The Canadian jobs market continued to surprise on the high-side–on track for one of its best years on record. This provides further confirmation to the Bank of Canada that additional easing in monetary policy is not necessary. The economy added 53,700 jobs in September, well above expectation, taking the year-to-date jobs gain to just over…